MATIC has been caught between a trading zone since November but has finally touched the Support Zone and bounced back above the Daily 200EMA. Should we long here?
How do we trade this? 🤔
The Support Zone was touched and a strong bounce led the price back above the 200EMA. We are currently hovering between the Daily 30EMA and 200EMA with no clear signals to buy...
MATIC has broken above the Previous Resistance Zone and is currently re-testing it as support. Is this a scenario where we enter a long? Or are we at the top ready to short?
How do we trade this? 🤔
We can play either scenario, but we need confirmation in one of the directions to have enough justifications to enter a trade. If the price comes back up and...
MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level?
How do we trade this? 🤔
To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of...
Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan).
A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe).
The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position.
Entry: $0.9780 (below bullish...
Past Performance of Polygon
Like the rest of the crypto market, Polygon is moving within a narrow range and is bearish. Therefore, while buyers stand a chance, sellers may press on and force MATIC below multi-week support. Per the MATIC price arrangement in the daily chart, support lies at $0.701.
#Polygon Technical Analysis
MATIC prices are range bound at...
Past Performance of Polygon
Polygon found support on September 19. Prices are currently steady and at around $0.75, back in a trading range. Buyers stand a chance based on the MATIC price action in the daily chart. However, for buy trend continuation in line with gains of early Q3, prices must be firm above $0.75 and even reverse losses posted over the weekend.
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Past Performance of Polygon
Polygon is steady when writing, adding seven percent on the last trading day and down 14 percent week-to-date. In a bear breakout below a bull flag, sellers have the upper hand and appear determined to reverse gains of the first half of last week. Per the formation in the daily chart, MATIC prices will likely drop to $0.70 in a retest...
Past Performance of Polygon
Polygon prices are overly stable, trading inside a broader $0.22 trade range clear in the daily chart. While traders expect more gains in the days ahead, the failure of bulls to clear above $0.67, a multi-week liquidation level, could slow down the uptrend in the short term.
#Polygon Technical Analysis
The primary liquidation level...
ALL buyer wait for breakout then breakout complete then buy the trade and sell tp1,tp2,tp3
I thing price may be break all time high
Let see
Buy more get more (happy)
![MATICUSDT: Polygon [MATIC] will see more sell pressure below $0.9780](https://s3.tradingview.com/g/gRZuXUgS_mid.png "Polygon [MATIC] will see more sell pressure below $0.9780")
